Bioasis Appoints Dr. Deborah A. Rathjen as Executive Chair of the Board of Directors

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Bioasis appoints Deborah A. Rathjen, B.Sc. (Hons), Ph.D., MAICD, FTSE as executive chair of the board of directors. (Photo: Business Wire)

As a result of her appointment as executive chair, Dr. Rathjen will no longer be “independent” under applicable securities laws. Pursuant to the charter of the board, if the chair of the board is not an independent director, the board must appoint one of the remaining independent directors as lead director and David M. Wurzer has been appointed as lead director.

“I am pleased to accept the appointment as executive chair of the Bioasis board and look forward to my increased involvement with the company and working closely with Mark and his team,” said Dr. Rathjen. “I am grateful to Dave for agreeing to serve as our lead independent director and look forward to his contributions in the coming months.”

“I am thrilled for Deborah’s appointment as the executive chair of our board. Deborah is highly-qualified and her proven track record of increasing and realizing shareholder value through partnering and her expertise in CNS, oncology clinical development and strategic planning is invaluable for Bioasis as we advance our partnering objectives for the xB³ platform and our internal program xB³-001,” said Mark Day, Ph.D., director, president and chief executive officer.

Also, as a result of her appointment, Dr. Rathjen has resigned from the audit and compensation committees. Director Nancy E. Stagliano, Ph.D., has been appointed to the audit committee and director John E. Curran has been appointed to the compensation committee. The audit and compensation committees are now comprised of the following:

Audit Committee
Nancy E. Stagliano
John E. Curran
David M. Wurzer

Compensation Committee
Nancy E. Stagliano
John E. Curran
David M. Wurzer

On behalf of the Board of Directors of Bioasis Technologies Inc.
Mark Day, Ph.D., Director, President & Chief Executive Officer

ABOUT BIOASIS

Bioasis Technologies Inc. is a biopharmaceutical company developing the xB^{3 TM} platform, a proprietary technology for the delivery of therapeutics across the blood-brain barrier (BBB) and the treatment of CNS disorders in areas of high unmet medical need, including brain cancers and neurodegenerative diseases. The delivery of therapeutics across the BBB represents the final frontier in treating neurological disorders. The in-house development programs at Bioasis are designed to develop symptomatic and disease-modifying treatments for brain-related diseases and disorders. The company maintains headquarters in Guilford, Conn., United States. Bioasis trades on the TSX Venture Exchange under the symbol “BTI” and on the OTCQB under the symbol “BIOAF.” For more information about the company, please visit www.bioasis.us.

Forward Looking Statements

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